Struggling semiconductor maker Renesas Electronics Corp. is thinking of axing around 14,000 jobs, or about 30 percent of its workforce, as it negotiates the sale of a domestic factory to a Taiwanese company, sources said Saturday.
The new job reduction target would be a sharp increase from the 6,000 job cuts previously stated in its restructuring plan, and the company is thinking of achieving the target through voluntary retirements, the sources said.
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